Bullish bets $4.2B on tokenized securities with Equiniti deal
Bullish has agreed to acquire Equiniti in a deal valued at about $4.2 billion, including debt. Bullish will acquire Equiniti for about $4.2 billion, including debt, pending regulatory approvals.Equiniti serves nearly 3,000 public companies, including Berkshire Hathaway, Moodys and Rolls-Royce.Bullish and Equiniti plan tokenization services with 24/7 securities trading and stablecoin settlement. The transaction includes about $1.85 billion in assumed debt and roughly $2.35 billion in Bullish stock, according to a Reuters report. The deal is expected to close in January 2027, subject to regulatory approvals. Equiniti is a global transfer agent that supports nearly 3,000 public companies, including Berkshire Hathaway, Moodys and Rolls-Royce. After the transaction, Bullish and Equiniti plan to offer tokenization services for corporate issuers. The planned services include 24/7 securities trading and stablecoin-based payment and settlement tools. Transfer agents play a key role in public markets. They keep shareholder records, manage ownership changes, support dividend payments and handle investor communications. Bullish is seeking to link that role with tokenized securities infrastructure. Bullish expands after public listing Bullish went public in August 2025, joining a wider group of crypto firms entering public markets. As featured in our August 13, 2025 coverage, Bullish raised $1.1 billion in its NYSE debut and reached a valuation